Thumb Area Enterprises

EIN: 382628943 501(c)(3)

Cass City, MI

Total Revenue
$1,912,525
Total Expenses
$1,749,348
Total Assets
$2,577,249
Net Assets
$2,333,997
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
MI
Principal Officer
Andrew Daniels
Phone
9898728131
Tax Period
2021-10-01 to 2022-09-30

Thumb Area Enterprises, founded in 1985, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2021. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $1.7M left a modest 9% surplus.

Mission

Assisted living and dementia care services to residents of the facility.

Program Service Accomplishments

Program 1
Expenses: $1,716,625 Revenue: $1,750,731

Northwood Meadows independent/assisted living apartments provide housing for those over 65 years old who either require some assistance or desire to no longer live alone yet do not require nursing...

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Northwood Meadows independent/assisted living apartments provide housing for those over 65 years old who either require some assistance or desire to no longer live alone yet do not require nursing home care. The one bedroom and studio apartments have a 24 hour emergency call system. Services include meal programs, light housekeeping, social activities and some nursing services. The mission of the Northwood Meadows medical/dementia care center is to provide a secure and nurturing residential environment in which to care for adults living with a form of dementia. This center also assists those who just need physical assistance with activities of daily living. Northwoods Meadows is licensed as an adult foster care facility and the focus of care is on residents who are medically stable.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $161,786
Program Service Revenue $1,750,731
Investment Income $8
Other Revenue $0
TOTAL REVENUE $1,912,525

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,284,680
Fundraising Expenses $0
Program Expenses $1,716,625
Other Expenses $464,668
TOTAL EXPENSES $1,749,348

Year-over-Year Comparison

2021 2020 Change
Revenue $1,912,525 $1,550,014 +0.2%
Expenses $1,749,348 $1,687,741 +0.0%
Net Income $163,177 $-137,727 -2.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
58
Volunteers
7

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$321,114
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jean Anthony President & CEO until Dec 2021 2.00
Officer
$0 $18,782 $321,114
Mary Cunningham Former VP of Finance/CFO 0.00
$0 $13,395 $218,163
Patrick Curtis President of the Board 4.00
Officer Director
$0 $0 $0
Danny Haag Vice President 4.00
Officer Director
$0 $0 $0
Judy Brown Secretary/Treasurer 4.00
Officer Director
$0 $0 $0
Carol Starling OD Trustee 2.00
Director
$0 $0 $0
Jim Luth Trustee 2.00
Director
$0 $0 $0
Rachel Estelle Trustee 2.00
Director
$0 $0 $0
Faith Fahrner RN Trustee 2.00
Director
$0 $0 $0
Andrew Daniels President & CEO as of Jan 2022 2.00
Officer
$0 $0 $0
Kurt Sargent CFO as of April 2022 2.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2022 $1,912,525 $1,749,348 $2,577,249 $163,177
2022 $464,677 $487,846 No data $-23,169
2021 $1,550,014 $1,687,741 $2,454,389 $-137,727
2020 $1,791,303 $1,682,884 $2,580,226 $108,419
2019 $1,701,672 $1,680,950 $2,461,952 $20,722
2018 $1,522,455 $1,578,914 $2,536,169 $-56,459
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